Whats a good salary to you?

[180ls1]

Depends on where you live.

Yup, $250k income does not even buy the average house in San Diego for a first time buyer.

Tons of my friends are relocating because of it.

 

[dirtytough]

Decent $120k

Good $180k

Great $250k

I’ve made all of those and at the end of the day I would take decent salary with great time off. Verses great salary with decent time off.

 

[fngTony]

Spending habits is a major money drain. Car loans and cc bills kill wealth saving ability. I haven’t had a car loan in over 10 years and it has made a massive difference in the quality of life I can provide my family.

doing a house hack to reduce or eliminate your mortgage is massive and another option to free up income.

Sometimes a move out of a high living expense area is needed.

A lot can be accomplished with $100k


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Sad thing is that nowadays here $100k income will qualify you for food stamps.

 

[TandKHunting]

As a business owner with 12 folks receiving checks. My salary is based on $2.00 per hour probably.

On a serious note, I feel like 100K is a pretty good salary still.

 

[Speaks]

Depends on where you live. And depends on how hard you have to work. My job requires lots of travel stuff comes up at nights, over weekends etc. Only vacations where I dont get a call or 2 a day I have to take are places like the BWCA where I cant be reached, and I cant get away with that for a full week.

I would not do this for $100k. A 9-5 where you are off when you’re off and life is more chill I could. I live off of only 1/3 of what I make though and less than that once my mortgage is paid off in a couple years.

 

[Moosehunter]

I didn't even know a day job could make 100k
Learn something new everyday.

 

[westsloper]

When I started making over $60k a year not too long ago, it was a big celebration for us. My wife stays home with the three kids. It's very doable if you're not in debt. I have a nice backpack and a couple of good rifles. I've chosen to spend on camping and hunting. I don't buy every piece of Formidilosus-recommended gear, but I'm not poorly equipped.

I can't afford to splurge on every hobby, though. When I wanted a canoe, as much as I would've liked a high end boat, I bought a $100 metal grumman off of craigslist. I fish local streams with an ugly stik rod and a $50 reel. I don't have an ATV or a dirt bike, and I probably never will.

Because of those sacrifices, we can put a lot of money into our kids' college funds and into our retirement accounts. My job also has good benefits including excellent health insurance and an unbeatable work-life balance.

With the birth of our third kid, we discovered we qualify for some forms of government assistance. I will admit that was a shock. We have a home and a good life. We don't feel poor at all.

 

[bucksnbirds]

I've made $100k-$120k/year since I was 18 with no kids, a few years sprinkled in there bringing in over $150k. Now I'm 29 with 4 kids and $100k definitely doesn't go as far, but we are comfortable. If I brought home $100k and the government didn't take their cut to pay for the lazy half of society, it would still be great money for me.

 

[desertdwellerdyl]

I make a little over 100K and I live comfortably albeit it’s just me currently. I purchased a home and a truck recently and i got great deals on both which helps. I still have money left over that goes into retirement, hobbies and savings. I feel very fortunate to be in my position at my age and if I play my cards right in my industry I can grow my income somewhat quickly

 

[Mr Biscuts]

a good salary to me not only includes the money received but also the relationship with the company paying my salary. Pay is important but working for a company that aligns with my ideologies has always been part of the whole picture I look at with employment.

 

[timekiller13]

I guess it depends on your location.

100k salary where I live is damn good money. And you live comfortably at 100k.

 

[flyfisher117]

Since everyone and their dog is moving in I don't know anymore. The last 10 years have changed my views so much.

Looking at what my parents provided and knowing I couldn't even do the same, yet I'm making more.

 

[Tjdeerslayer37]

southeast michigan, id say 60-80 decent, 80-120 good, 120+ great

 

[Blacktocomm]

A good salary is what I make now, and a great salary would be $50k more per year.

As you've seen on the thread here - most people are saying it is relative, but I think if you can invest 20% of your gross that's a good salary and if you can save 20% or more of your net that is a great salary.

In San Francisco that number is way different than in San Antonio.

 

[Poser]

In my area, you qualify for low income housing on the low end at 92K, high end around 130K.

 

[ewade07]

It's not what you make.....it's what you save.

Its not what you make.....its how you spend it.

 

[MuleyFever]

This is the census.gov data for the town I live in.

 

[N.ID7803]

I finally crossed the 100k mark this year and really it was great, but I told my boss during my review, that its not about the money I just enjoy what I do. I was and would still do the same job for less. Being truly debt free is an amazing feeling. Knowing that you have no mortgage, no car loan, no CC debt, can really help with piece of mind for whatever salary you are making.

 

[grfox92]

In 2012, I landed a management position that paid $57k a year and bonuses up to 50% of my salary twice a year.

At that time, in that economy, I remember thinking I would never have to worry about money again.

Now, I would be starving in the street.

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[S.Clancy]

All I've decided about $$$ is that you always want more, no matter how much you make.